DOXA has acquired Jupiter Underwriting Group, a US-based managing general agent (MGA) specialising in admitted umbrella and follow-form excess liability.
Financial terms of the deal were not disclosed.
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The deal is part of DOXA’s 2026 growth plans, aimed at increasing its presence in speciality casualty and adding capacity and support across a wider set of speciality insurance lines.
DOXA president Kevin Wall said: “The hard work, discipline and dedication that David and Dennis have put into building the Jupiter Underwriting Group are the exact characteristics we look for in partners.
“That character, paired with the Jupiter Underwriting Group’s deep expertise in underwriting and powerful relationships across the market, make them perfectly aligned with the DOXA community. The Jupiter Underwriting Group is recognised as a high-quality platform with a differentiated approach in excess liability and we’re thrilled to welcome their team to DOXA to support our rapid expansion.”
Jupiter Underwriting Group was established in 2019 by insurance executives David Folkes and Dennis Burton.
Folkes has experience building and expanding platforms spanning retail and wholesale brokerages, carriers and MGAs.
Burton has more than three decades in casualty underwriting, including senior leadership positions at established carriers.
The MGA underwrites complex risks across a range of industries, including contractors, hospitality, real estate, import/export, light manufacturing and fabrication, and oil and gas speciality contractors.
The company’s development has been tied to specialist underwriting in challenging classes of business, which is said to have helped it build relationships with carriers and reinsurers, alongside what DOXA described as a loyal customer base.
Following the acquisition, Folkes and Burton will continue to lead Jupiter Underwriting Group under DOXA and provide strategic support.
Folkes commented: “DOXA stood out as a partner that not only brings capital, but a clear understanding of how to grow speciality businesses the right way. Their platform, relationships, and shared mindset around disciplined growth made this a natural fit.”
Together, they have 60 years of insurance industry experience.
DOXA describes itself as a speciality insurance platform that buys and grows niche-focused programme administrators and underwriting and distribution businesses, including MGAs, MGUs, brokers and direct-to-consumer operators.
It also provides centralised sales, marketing, underwriting and operational support, and says it works with “over 20,000 agent broker relationships in all 50 states” through “hundreds of custom speciality insurance programmes”.
